Global interest rates remain in limbo

The toll that trade tensions are taking on world prosperity is likely to feature as the Group of Seven Leaders meet in Canada

Federal Reserve Board chair Jerome Powell is to announce on Wednesday whether the board has decided to cut US interest rates. 

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US president Donald Trump.

From Washington to London, wary officials in countries that account for two-fifths of the global economy may display a collective sense of paralysis as they assess risks to inflation and growth from tariffs and stop-start commerce flows.